Healthcare Infrastructure - Understanding the opportunity for institutional investors - Fiduciary Investors Symposium
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Healthcare Infrastructure Understanding the opportunity for institutional investors
Contents Foreword 4 Executive Summary 5 The investment opportunity 8 How is Healthcare Infrastructure performing? 10 Challenges and drivers 11 What is driving institutional demand? 12 What are the challenges and how can they be addressed? 14 Institutional investors see beyond Brexit 16 Unlocking potential: how institutions are investing 17 Europe: will it remain the leading light? 18 ESG: an investment priority? 19 Conclusion 20 Methodology 21 About us 22 Healthcare Infrastructure 2 Understanding the opportunity for institutional investors 3
Foreword Executive Summary
Demand for Healthcare Infrastructure from institutional investors Our research reveals growing interest in Healthcare Infrastructure,
is growing, with the potential for $200 billion to be invested in the with unprecedented new opportunities being driven by market
sector over the next five years. dynamics and global demographic changes.
In our first institutional investment trends opportunity in retirement communities, care KEY FINDINGS Among those that already invest in
survey, we explore the views on the sector homes and doctors’ surgeries – the facilities Healthcare Infrastructure allocations are
of 100 global institutional investors, that this varied ageing population will need Healthcare Infrastructure: global demand on the rise significant. Respondents already invested
$200 billion
representing a total of $6.8 trillion assets the most. in the sector allocate on average 6.1% of
under management, including the drivers their investment portfolio to Healthcare
shaping opportunity in the sector. Our report also explores the perceived Infrastructure. And this investment is set to
barriers some institutional investors face increase by more than half to 9.5%.
MARKET DYNAMICS By 2050, the when looking to make further investment
global population expected to be invested over the next five years
The expected end of the bull market, in Healthcare Infrastructure. Barriers to investing remain, but the research
compounded by heightened political risk of retirees aged reveals growing momentum both from
60 and over
across the globe, makes alternatives an The research highlights that institutions are current investors and from those who are yet
will reach 2.1
attractive investment opportunity for particularly concerned about not having to allocate to Healthcare Infrastructure.
billion and will
investors in the hunt for returns. the relevant skills and resources within their
include an elderly
population of 425 organization, regulatory issues in the sector 9.5% Diversification and demographics
Within the 'alternatives' bucket, there
is growing interest from institutional
million people
aged over 80.1
and a lack of projects in which to invest. We
have seen some of these concerns brought 6.1% drive demand
investors in real assets as they look for to life through our conversations with The bull market looks to be running out of
tangible investment opportunities with a institutional investors over the years. steam and political uncertainty is now a
long-term investment horizon. Healthcare global concern. Healthcare Infrastructure
Infrastructure, as a subsector of real assets, There is a meaningful role and exciting Current average Anticipated average is attractive in this context as it is
offers particular opportunities for institutions opportunity for institutional investors to portfolio allocation of portfolio allocation sheltered from macroeconomic factors.
as changing demographics fuel demand to redefine what truly exceptional healthcare institutional investments. by 2023. The supply/demand imbalance for quality
service a growing elderly population. facilities should look like, while benefiting accommodation and facilities to cater to
from the attractive returns the asset class Healthcare Infrastructure: delivering for institutions the ageing population is the second biggest
71% 56%
DEMOGRAPHICS offers investors over the long term. driver for investors.
Octopus is a specialist asset manager with 14
years’ experience of investing in Healthcare We look forward to sharing our findings
Infrastructure. We have seen first-hand with you.
how demand for all kinds of Healthcare Global institutional investors say their of institutional investors
Infrastructure is changing in line with these Benjamin Davis Healthcare Infrastructure investments surveyed say demographics
demographics. CEO, Octopus Healthcare are performing as expected or better is the key driver for investing
than expected. in Healthcare Infrastructure.
22%
Retirement for the growing population is
taking on a different shape and meaning
to previous generations. Quality of life is Europe is the primary focus for
£
better, and the modern-day retiree is active £ inward investment
and social. £ UK institutional investors say
Hiti Singh their Healthcare Infrastructure Of the regions surveyed, the UK will attract
For the elderly, care homes suited to the Head of Institutional Funds, Octopus Group investments are over-performing. the most inward investment into Healthcare
specialist requirements of their residents Infrastructure over the next five years, from
10-15%
are crucial. The supply of housing for each those who are yet to invest. Europe is the
of these groups is in short supply. In this primary focus for inward investment into
report we specifically look at the investment Healthcare Infrastructure.
Annualised net IRR reported by 39%
1
World Population Ageing Report (2017), United Nations. of investors over the past five years.
Healthcare Infrastructure 4 Understanding the opportunity for institutional investors 5
Stirling Medical Centre,
Grimsby. A doctor's surgery
including an on-site pharmacy.
Our survey respondents currently allocate
6.1% of their investment portfolio to the
Healthcare Infrastructure sector. In the
next five years over a third (37%) expect to
increase their allocations by up to 10%.
The investment opportunity Grosvenor Manor Care
Home, Chester. Facilities
include a hair salon, spa
bathroom, landscaped
The investment case for Healthcare Infrastructure is already resonating gardens and glazed terraces.
with institutional investors. Across region and investor type there is demand
for opportunities to allocate funds to the sector.
In the next five years, a total of $200 Over a third of respondents expect
billion could be invested in Healthcare to increase allocations to Healthcare
Infrastructure. Infrastructure by up to 10% in the next five
years. Insurance companies will increase
Globally, respondents currently invested in their allocations more than any other type
Healthcare Infrastructure allocate 6.1% of of investor in the next five years, with a 4.4%
their investment portfolio to the sector. This increase in allocation. Institutional
is expected to increase by more than half to investors
9.5% over the next five years. expected future
allocation by
37%
Figure 1. Current and future allocation to Healthcare Infrastructure
asset:
across region and by investor types Figure 2. Percentage of institutions considering investing in Healthcare Infrastructure
57%
of respondents Fund of
HNW
Pension Private Insurance Strategic
6.1% 6.3% expect to increase Global family
Fund of Funds funds fund bank company investor
Global 10.1% office
9.5% allocations to Retirement
Healthcare Retirement housing 57% 28% 90% 50% 61% 74% 61%
housing
HNW family 2.9% Infrastructure by Care homes 53% 32% 83% 63% 67% 47% 56%
4.1% office 6.9% up to 10% in the
Australia Doctor surgeries 44% 56% 44% 41% 6% 28% 70%
9.4% next five years.
3.8% % Would consider investing
53%
Pension fund
7.8%
10.6%
Asia GLOBAL ALLOCATIONS: ASIAN Australian investors plan to increase investment
12.1% Care homes
5.7% INVESTORS LEADING THE CHARGE by the biggest margin. Although Australian
Private bank
8.6% Asian respondents revealed the highest investors have a relatively low current allocation
4.5% level of current allocations to Healthcare at 4.1%, this is expected to increase by 5.3%
EMEA
6.9% Insurance 7.1% Infrastructure (10.6%) and will invest the (compared to a global average of 3.4%) over
44%
company 11.5% most into the sector of any other region the next five years to 9.4%.
in the coming years. They expect 12.1% of
5.8% their portfolio to be allocated to Healthcare A large majority of UK respondents (73%) Doctors'
UK Strategic 9.7%
surgeries
9.6% investor 12.5% Infrastructure in the next five years. say they will increase allocations. One quarter
(26%) plan to do so by more than 10%.
Current Future
Figure 3. Increasing allocations to Healthcare Infrastucture
Global Australia Asia EMEA UK
There is strong appetite for a range of assets Retirement housing holds particular appeal Increase by > 20% 8% 14% 0% 0% 13%
across the sector. Among all institutions to High Net Worth (HNW) family offices and
Increase by 10-20% 11% 0% 20% 6% 13%
surveyed, 57% are considering investing insurance companies, while care homes are
in retirement housing, 53% are potentially most in demand among HNW family offices Increase by up to 10% 37% 29% 20% 31% 47%
looking to invest in care homes and nearly and private banks. Stay the same 32% 43% 60% 38% 18%
half (44%) in doctors’ surgeries. Don’t know 12% 14% 0% 25% 9%
Healthcare Infrastructure 8 Understanding the opportunity for institutional investors 9
Hirwaun Medical Centre,
Mid Glamorgan.
How is Healthcare Infrastructure performing? A doctor's surgery including
an on-site pharmacy.
In the current environment, where institutions are chasing returns
from bonds and equities, Healthcare Infrastructure has the potential
to offer attractive returns over the long term.
Challenges and drivers
Investors in Healthcare Infrastructure INVESTORS BULLISH ON FUTURE
report high satisfaction with investment PERFORMANCE
performance. Almost four in ten (39%) Investors surveyed are bullish and expect Investor appetite for Healthcare Infrastructure is growing, driven by
report an annualized net IRR on Healthcare higher returns. Four in ten (42%) expect net the race to alternatives, opportunities from the ageing population
Infrastructure investments over the past five returns over the next five years to be in the and the long-term nature of the investments.
years of between 10% and 15%. A further range of 10%-15%. And 12% expect future
5% say their returns over the period were returns of between 15%-20%. Globally, Despite this growing interest and high allocations among current investors in
between 15%-20%. These figures equate to investors expect 10% returns on average. the sector, respondents identify a number of perceived barriers to unlocking
a global average of 8%. further potential in the sector. Barriers include regulation, a lack of projects and
Asian investors are the most optimistic relationships with operators.
10-15%
Seven in ten (71%) global institutional about future returns, expecting 13% returns
investors say their Healthcare Infrastructure on average.
investments are either performing as net returns
expected (52%) or over-performing (19%). expected by 42%
UK investors report the strongest levels of of investors
satisfaction. Nearly one quarter (22%) say surveyed over the
their investments are over-performing. next five years.
Figure 4. Past and expected investment returns from Healthcare Infrastructure
Global EMEA
Below 10% 35% 37% Below 10% 31% 36%
10% to 15% 39% 42% 10% to 15% 50% 44%
15% to 20% 5% 12% 15% to 20% 0% 12%
20% to 25% 0% 3% 20% to 25% 0% 0%
More than 25% 3% 0% More than 25% 0% 0%
Don’t know 18% 6% Don’t know 19% 8%
Australia Asia
Below 10% 43% 20% Below 10% 30% 20%
10% to 15% 57% 70% 10% to 15% 50% 47%
15% to 20% 0% 10% 15% to 20% 0% 27%
20% to 25% 0% 0% 20% to 25% 0% 6%
More than 25% 0% 0% More than 25% 0% 0%
Don’t know 0% 0% Don’t know 20% 0%
UK
Below 10% 38% 46%
10% to 15% 25% 34%
15% to 20% 9% 8%
20% to 25% 0% 4%
More than 25% 6% 0% Past return
Don’t know 22% 8% Expected return
Healthcare Infrastructure 10
What is driving institutional demand? Figure 5. Drivers for Healthcare Infrastructure by region
Global Australia Asia EMEA UK
Institutional investors surveyed identify Diversification/low correlation
67% 71% 100% 69% 55%
with financial markets
three key investment drivers. Investment opportunities
from ageing population 56% 57% 70% 56% 52%
Attractive risk-adjusted returns 46% 57% 10% 69% 43%
Long-term yields/income 38% 57% 30% 19% 46%
Stable and predictable
1. Race to alternatives as market 3. Chasing returns and long-term income 30% 57% 10% 38% 26%
67%
cash flows
volatility continues Attractive risk-adjusted returns rank highly Gain exposure to alternative
real estate 28% 0% 60% 19% 30%
A combination of diversification and the for institutional investors, with nearly half
sector’s low correlation with broader (46%) of global respondents considering ESG/Impact investing* 17% 0% 0% 19% 26%
of investors
financial markets emerges as the prime this the third-biggest driver. 14% 0% 20% 13% 17%
Inflation hedging
surveyed cited
driver, cited by two-thirds of respondents.
diversification
Another important driver, cited by almost
56%
and the sector's
Respondents recognise that returns from four in ten respondents (38%), is the long- Figure 6. Drivers for Healthcare Infrastructure Investment by investor type
low correlation
Healthcare Infrastructure are mostly term nature of yields/income. Doctors’ Fund of HNW family Pension Private Insurance Strategic with financial
Overall
Funds office fund bank company investor
uncorrelated to traditional asset classes surgeries and care homes can present a long- markets as a
of institutional Diversification/low correlation
and financial markets. term income-led investment opportunity. with financial markets 67% 46% 33% 75% 100% 75% 55% key driver.
investors say
Investment opportunities
demographics from ageing population 56% 62% 67% 63% 33% 38% 64%
This is becoming increasingly important is the key driver This correlates with the long-term focus of
for investors as they look to recession- institutional investors who use asset-liability Attractive risk-adjusted returns 46% 62% 33% 44% 22% 75% 45%
for investing
proof portfolios amid a volatile investment in Healthcare matching and inflation hedging to manage Long-term yields/income 38% 38% 0% 38% 67% 25% 45%
backdrop. Infrastructure. interest rate risk. Stable and predictable
cash flows 30% 23% 60% 44% 11% 25% 27%
Gain exposure to alternative
On a geographical basis, Asian respondents Private banks (67%) are more likely to be real estate 28% 31% 67% 25% 11% 13% 27%
attach particularly strong importance to driven by long-term yields/income than any ESG/Impact investing* 17% 31% 0% 13% 33% 0% 18%
diversification. All investors (100%) from the other type of investor.
region say this is the most important driver. Inflation hedging 14% 8% 0% 0% 22% 50% 18%
For example, alleviating housing crisis, helping NHS
*
2. Opportunities from the ageing
population Opposite: Lifecare
A majority (56%) of global investors cite Residences, Battersea
Place, London. Featuring an
investment opportunities from demographics array of five-star facilities
including chef-led restaurant,
as the second most important driver. concierge, chauffeur service,
pool and cinema.
Increasing life expectancy and declining Left: Wadswick Green,
Wiltshire. Facilities include
fertility will cause the average age of the a spa, pool, gym and open
global population to increase significantly countryside.
in the coming years.
Ageing populations and a lack of good
quality retirement housing, doctors’ surgeries
and care homes to cater to this group have
fuelled demand for Healthcare Infrastructure.
These investment dynamics are sustainable.
Demand for Healthcare Infrastructure will
increase as the world’s population continues
to age.
Healthcare Infrastructure 12 Understanding the opportunity for institutional investors 13
What are the challenges and how Figure 7. Challenges to investing in Healthcare Infrastructure by region
Global Australia Asia EMEA UK
can they be addressed?
Lack of investor skills* 45% 40% 53% 32% 50%
Governmental/regulatory
barriers 44% 40% 53% 44% 42%
Liquidity issues 43% 20% 47% 44% 46%
Lack of resources and the role of market for certain forms of healthcare,
Lack of project pipelines 38% 40% 53% 48% 28%
specialist managers including care homes, is in fact very liquid
Almost half (45%) of respondents cite a for quality stock. Healthcare real estate Costs 34% 30% 40% 20% 40%
lack of investor skills and resources within investment tends to involve longer fund Corporate-governance issues 33% 40% 27% 28% 36%
their organisation as the top challenge when tenure, but this is to suit investors with long-
Organisation’s investment
investing in Healthcare Infrastructure. This term investment horizons. committee restrictions 28% 10% 33% 36% 26%
internal challenge highlights the need for Cash flow volatility 11% 0% 7% 8% 16%
organisations with insufficient resources to Lack of projects and developing
Poor returns 10% 10% 0% 20% 8%
outsource to specialist investment managers. a stronger pipeline of opportunities
45%
In particular, organisations should look for More than one third (38%) of respondents
managers with the origination capabilities say a lack of pipeline of projects is acting Figure 8. Challenges to investing in Healthcare Infrastructure by investor type
to pick the best assets and a track record in as a barrier. This could be a function of the
of investors cite Overall Fund of Funds
HNW family
Pension fund Private bank
Insurance
Strategic investor
delivering robust returns. sector’s recent growth and consequent office company
a lack of skills
shortage of investable projects. Investors with Lack of investor skills* 45% 53% 33% 58% 70% 40% 14%
and resources
Healthcare Infrastructure is a highly- an in-house development team have the within their own Governmental/regulatory
barriers
44% 42% 50% 33% 20% 47% 71%
specialised area requiring specialists advantage of being able to generate an off- organisation as
with large resources to carry out a range market stream of assets for funds. Liquidity issues 43% 53% 42% 25% 60% 60% 21%
the top challenge
of functions. These include identifying when investing Lack of project pipelines 38% 21% 25% 58% 20% 47% 43%
development opportunities, undertaking Corporate governance and in Healthcare
34% 26% 42% 38% 30% 53% 14%
specialist demand/supply due diligence, the relationship with operators Infrastructure. Costs
selecting the best operators and managing A further third regard corporate governance Corporate-governance issues 33% 32% 25% 42% 30% 33% 21%
these specialist assets. issues as an investment obstacle. This Organisation’s investment 28% 11% 17% 33% 20% 53% 29%
element underlines the important role of committee restrictions
Regulatory barriers and making the case stakeholder engagement in Healthcare Cash flow volatility 11% 11% 25% 0% 10% 7% 29%
for infrastructure investment Infrastructure. 10% 11% 0% 13% 10% 7% 14%
Poor returns
The second-biggest challenge, cited by
44% of respondents, is governmental and It is crucial to have good, long-term Capablities/resources within my organisation
*
regulatory barriers. Increasing regulation relationships with operators, to ensure
and the changing role of public and private oversight of an investment. It is preferential Meads Medical Centre,
capital in infrastructure projects can create to fund a steady stream of assets with Audley Chalfont Dene,
Uckfield. Doctor's
surgery including an
uncertainties for investors. established and proven operators, rather Buckinghamshire. Facilities
on-site pharmacy.
include a health club, library
than to fund one-off assets. and restaurant.
Government support and regulation will
vary across geographies, but there is a clear
benefit to governments globally supporting
investment into Healthcare Infrastructure.
Institutional investment will be a key source of
funding for the infrastructure needed to cater
to ageing populations. In the UK, institutional
investment into this type of infrastructure
has the potential to alleviate some of the
financial pressures on the NHS.
Liquidity issues and the nature
of longer fund tenure
Liquidity issues rank third, with 43% of
respondents citing this as a barrier. Yet the
Healthcare Infrastructure 14 Understanding the opportunity for institutional investors 15
Monkseaton Medical
Centre, Whitely Bay.
Institutional investors see Doctor's surgery including
an on-site pharmacy.
beyond Brexit
While Brexit may present a concern in the More than half (58%) of global institutional
next 12 months, half of institutional investors investors think Brexit will have a negative impact
surveyed have a long-term investment on Healthcare Infrastructure in the UK over
horizon between five and ten years. The the next 12 months. However, the UK remains
demographic dynamics underpinning
Healthcare Infrastructure will remain in place
the most attractive region for future inward
investment into Healthcare Infrastructure,
Unlocking potential:
regardless of the UK’s departure from the
European Union.
among those not yet invested, suggesting
institutional investors see beyond Brexit. how institutions are investing
Figure 9. Impact of Brexit on Healthcare Infrastructure in the UK
Global Australia Asia EMEA UK
Positive 6% 0% 0% 4% 10%
Neutral 36% 90% 40% 28% 28%
Negative 58% 10% 60% 68% 62%
The Boulevard Medical
Centre, Halifax.
Highcroft Medical Centre,
Nottinghamshire. Doctor's
surgery including an on-site
pharmacy.
Healthcare Infrastructure 16
Europe: will it remain the leading light? ESG: an investment opportunity?
Europe is leading the way in attracting institutional funds into the sector.
A combination of cheap and easy access to debt, increasing levels of
privatisation and demographic dynamics have increased the investment
appeal of Healthcare Infrastructure in the region.
Demographic conditions are particularly Figure 10. Healthcare Infrastructure investment by country Healthcare Infrastructure has a clear
favourable, with ageing populations ethical and Environmental, Social and
creating a notable imbalance in the supply UK Germany France Japan Governance (ESG) dimension. Investing in
5% 3% 8% 31%
and demand of good quality care homes care homes, retirement housing and doctors’
15%
and retirement housing. For example, in 21% 26% 31%
surgeries drives much-needed capital into
39%
Germany, Europe’s largest economy, more 25% 60% 45% 35% infrastructure that changes people’s lives
than 20% of the population is aged over 65.2 29% 32% 26% and improves the wellbeing of elderly people.
UK AS A HOT SPOT Australia Nordic countries Korea Hong Kong Although institutional investors attach less
These dynamics have made Europe, and 9% 10% weight to ESG than other investment-specific
especially the UK, an attractive place for 25%
13% 17% 11% 17% drivers, it is still an important consideration.
30%
Healthcare Infrastructure investment. 32%
25% Almost one in three investors surveyed say
25% 41%
31%
29% 40%
45%
ESG considerations play a significant role
Six in ten global respondents already invested when investing in Healthcare Infrastructure.
in the sector say their organisation primarily A further 61% say it plays a slight role.
New Zealand South Africa Latin America Middle East
focuses on Healthcare Infrastructure 9% 9% 9% 9% 8% Audley Chalfont Dene,
investments in the UK, with 45% prioritising 12% 12% 12% More than half of investors (56%) say they Buckinghamshire. Facilities
include a health club, library
investment in Germany and 39% in France. 23% 25% are not willing to accept lower investment and restaurant.
36% 29%
43% 50% 56% 58% returns to achieve ESG/impact targets.
60%
43%
Figure 12. Role of ESG in investing in Healthcare Infrastructure
Currently a priority investment Would consider investing
+ currently an investment
26% Would not consider investing Not sure 61% 57% 100%
22% 21%
9% 28% 29%
5% Figure 11. UK the
3%
focus of Healthcare HOME BIAS Global 11%
Australia 14%
Asia
Infrastructure Notwithstanding the dominance of the UK, the
Global Australia investment
60% research also reveals a degree of home bias.
50% 59%
47% Investors prefer to invest in their home market. 44% Significantly
50%
41% Slightly
35% 25% Not at all
In terms of potential future investment, EMEA 6% UK
16%
26%
21% 22% 19% several countries feature prominently
10% on the radars of infrastructure investors.
Respondents are mainly considering Figure 13. Would you accept lower returns to achieve ESG targets?
Asia EMEA investing in New Zealand (43%), the Nordic
78% countries (40%) and France (32%), closely
followed by Hong Kong (31%). The appeal
UK 44% 56% 24% 76% 54% 46%
of Hong Kong may in part reflect solid
EMEA
Asia healthcare fundamentals — the Chinese
23% Australia & province was ranked the most efficient All respondents Not invested Already invested
18% New Zealand
11% Latin America medical care system in the world by Yes No
6%
Bloomberg in 2017.3
UK
CIA World Factbook 2017.
2
https://largest-biggest.com/index.php/2017/05/15/bloomberg-most-efficient-health-care-systems-in-the-workd/
3
Healthcare Infrastructure 18 Understanding the opportunity for institutional investors 19Conclusion Methodology
Encouraged by market dynamics and Barriers to investing such as lack of resource CoreData Research was commissioned by Disclaimer
demographic fundamentals, Healthcare and regulation remain. Yet it is clear that Octopus Investments to conduct a study of This report is issued by Octopus
Infrastructure has captured the attention of investment in doctors’ surgeries, retirement institutional investors to better understand Investments Limited which is authorised
institutional investors around the world. The housing and care homes is set to increase their views about Healthcare Infrastructure and regulated by the Financial Conduct
research reveals the asset class is already an considerably over the next five to ten years. investments. Authority. The information contained
attractive alternative investment for many within this report does not constitute an
institutions looking for opportunities in real This investment will be crucial to ensuring The fieldwork was conducted by CoreData offer or inducement to participate in a
assets. Among those that are invested in the the ageing population receives the quality Raynes Park Health Centre, Research between September and October collective investment scheme, alternative
sector, portfolio allocations are high. housing and care they will need – from London. Doctor's surgery
including an on-site hospital
2018 via an online survey. The sample includes investment fund or any other financial
retirees to the elderly. and pharmacy. 100 respondents from the UK, EMEA, Asia product and may not be treated as an
and Australia. offer or inducement in any jurisdiction
where such an offer or inducement is
The respondent pool represents a spectrum against the law, or to anyone to whom
of organisations including pension funds, it is unlawful to make such an offer or
fund of funds, insurance company, strategic solicitation, or if the person making the
investors, family offices and private banks. offer or solicitation is not qualified to do
The total assets under management of the so. The value of investments, and the
sample is an estimated $6.8 trillion. income from them, may fall or rise. The
information in this document should not
Respondents were classified into two be construed as offering investment or tax
broad categories according to their current advice. Issued: November 2018.
allocations to Healthcare Infrastructure –
those invested in Healthcare Infrastructure
(65) and those not invested (35).
Healthcare Infrastructure 20 Understanding the opportunity for institutional investors 21About us
OCTOPUS GROUP COREDATA
Octopus is a group of companies that invests Established in 2002, CoreData Research is
in the people, ideas and industries that a global specialist financial services research
will help to change the world. We currently and strategy consultancy with operations in
manage more than £8.6 billion on behalf Australia, the UK, the Philippines, the United
of our customers. Octopus Energy, Octopus States, Malta and Colombia.
Healthcare, Octopus Investments, Octopus
Labs, Octopus Property and Octopus With a primary focus on financial services,
Ventures are all part of Octopus Group. CoreData Research provides clients with
both bespoke and syndicated research
Of the £8.6 billion we manage, £2.3bn is services through a variety of data collection
on behalf of institutional investors. We are strategies and methodologies, along with
a specialist investor in real assets, private consulting and research database hosting
credit and high-growth small businesses. We and outsourcing services.
offer institutional investors access to sterling-
denominated investments in mainstream CoreData Research provides both
sectors of the economy. Our assets are long- business-to-business and business-to-
term in nature, cash-yielding and are resilient consumer research. Its offering includes
to economic headwinds. The Octopus team is market intelligence, guidance on strategic
made up of over 125 investment professionals positioning, methods for developing new
and we have almost two decades’ experience business, advice on operational marketing
of operating in our chosen markets. and other consulting services.
OCTOPUS HEALTHCARE
Octopus Healthcare invests in and develops
properties as well as creating partnerships
to deliver innovative healthcare facilities
to improve the health and wellbeing of the
UK. It currently manages over £1.5 billion of
healthcare investments across a number of
platforms, with a focus on three core areas:
GP surgeries, care homes and retirement
communities.
Visit octopusgroup.com.
Healthcare Infrastructure 22 Understanding the opportunity for institutional investors 23InstitutionalFunds@octopusinvestments.com Octopus Group
octopusgroup.com 33 Holborn
London EC1N 2HT
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